Friday, 15 May 2020

Without new funds Charlton will run out of money

A lack of new funds this week would leave Charlton unable to pay wages or creditors, Marian Mihail has told CAS Trust in the latest response to supporters' questions:

We are assured that additional options for funding are available, but it is not clear what these might be, presumably borrowing.

There is no sign of the promised cash injection and Mihail admits that its absence may affect the lifting of the transfer embargo and the playing budget for next season, already dented by the pandemic.

I find the explanation of why there can be no more investment before Matt Southall is removed rather convoluted and unconvincing.

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